Facebook reportedly wanted to acquire Snapchat in deal worth more than $1 billion

[geeteam]

As mobile messaging service Snapchat looks to potentially raise $200 million in funding, there’s word suggesting that at one point Facebook CEO Mark Zuckerberg had approached the company in an attempt to acquire it. Sources tell The Wall Street Journal that the offer for the startup was north of $1 billion — the amount that Zuckerberg paid for Instagram the day after Facebook went public.

Snapchat reportedly rebuffed Facebook’s advances and Facebook has declined to comment on the matter telling WSJ that it doesn’t respond to rumors or market speculation.

Could Zuckerberg’s interest in Snapchat be in its technology? Or perhaps its enormous popularity? The company has said that in September, it processed approximately 350 million messages each day, a 75 percent increase since June.

source: tnw

[ffi]

Never heard of it, then again I don't use Facebook either

[geeteam]

Now U know :P

[Matt]

I don't even like facebook and never opened account there.

[oliverjia]

seriously doubt it's just some marketing gimmick to promot the startup

[LeeSmithG]

Never heard of it, then again I don't use Facebook either

Me either and neither.

If I owned any software and someone offered me a cash 1,000,000,000 I would slap them around the face and say, ''are you mad''!

If they said NO!

I would say ''wheres my money''?

On the way to the airport to fly out to my new Island out in the West Indies.